Today I received my subscription email from REBAC (Real Estate Buyer's Agent Council) which contained a link to an article outlining FHA's new plan to help some of the borrowers who are flirting with foreclosure due to a reset on their ARM.  The plan is called FHASecure, and it won't help everyone, but if certain conditions are met, some borrowers who fell behind when their rates adjusted and their payments went sky-high will be able to refinance at a fixed lower rate.  I'm just passing this along in the hope that someone out there reading this will be able to use the information.  Here's the link to the article.

http://bankrate.com/brm/news/mortgages/FHA_bailout_a1.asp